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Sales and Assets—Caja Laboral

Sales and Assets—Caja Laboral. Jobs 1983-2004. Basque Flag. José María Arizmendiarrieta. José María Arizmendiarrieta.

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Sales and Assets—Caja Laboral

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  1. Willy Robinson, iNova Credit Union November, 2005

  2. Sales and Assets—Caja Laboral Willy Robinson, iNova Credit Union November, 2005

  3. Jobs 1983-2004 Willy Robinson, iNova Credit Union November, 2005

  4. Basque Flag Willy Robinson, iNova Credit Union November, 2005

  5. José María Arizmendiarrieta Willy Robinson, iNova Credit Union November, 2005

  6. José María Arizmendiarrieta “Despite being an unverifiable hypothesis, all of us at MCC share the firm conviction that without his (Jose Maria’s ) influence, the so-called Mondragón co-operatives would never have been formed.” Willy Robinson, iNova Credit Union November, 2005

  7. 1943— Set-up Polytechnic School 1956—set-up Ulgor 2005—Spain’s 7th largest corporation Willy Robinson, iNova Credit Union November, 2005

  8. MONDRAGON

  9. "To build cooperativism is not to do the opposite of capitalism as if this system did not have any useful features... Cooperativism must surpass it, and for this purpose must assimilate its methods and dynamism.“ José María Arizmendiarrieta Willy Robinson, iNova Credit Union November, 2005

  10. Ten Basic Principles • Open membership • Democratic organization • Worker sovereignty • Instrumental or subordinate nature of capital • Participation of management Willy Robinson, iNova Credit Union November, 2005

  11. Ten Basic Principles (cont’d) 6. Wage solidarity 7. Co-operation between co-ops 8. Social transformation 9. Universal nature 10. Education Willy Robinson, iNova Credit Union November, 2005

  12. Employee Picture Employee capital account • One times salary • Adjust CPI • Bonuses Employee remuneration • Fair wage and 80%-110% of pay • 7.5% on average interest on investment Participation • Training and Social Council Willy Robinson, iNova Credit Union November, 2005

  13. Organizational Structure Willy Robinson, iNova Credit Union November, 2005

  14. Pre-profit Allocation • 15-40% to sectoral group • 10% investment in MCC • 2% education fund • 2% losses fund for group • 21% corporate taxes Willy Robinson, iNova Credit Union November, 2005

  15. Profit Allocation • 10% Basque government for education • 45% retained in co-operative • 45% to employees capital account Willy Robinson, iNova Credit Union November, 2005

  16. Education • Mondragón university • Engineering • Management • Teaching • Otalora • Alecop Willy Robinson, iNova Credit Union November, 2005

  17. Innovation • Saiolan • Ikerlan • Garaia Innovation Center Willy Robinson, iNova Credit Union November, 2005

  18. Financial Group Includes banking, social welfare, insurance and leasing businesses. • Bank—Caja Laboral • Lagun-Aro Willy Robinson, iNova Credit Union November, 2005

  19. Recap • Build a network • Put employees needs foremost • Design a structure for MCC • Promote education and innovation • Share best practices Willy Robinson, iNova Credit Union November, 2005

  20. What Else ???

  21. “equilibrio” focus Workers’ Futures Willy Robinson, iNova Credit Union November, 2005

  22. “The present, however splendid it may be, bears the seeds of its own ruin if it becomes separated from the future.“ José María Arizmendiarrieta Willy Robinson, iNova Credit Union November, 2005

  23. Outlook for the Future • Size and scope-to address market needs • Change to dual personality • Collaboration agreements • Distributing wealth through knowledge • Generation of employment TOP priority People and Products Willy Robinson, iNova Credit Union November, 2005

  24. "Those who opt to make history and change the course of events themselves have the advantage over those who decide to wait passively for the results of the change.” José María Arizmendiarrieta Willy Robinson, iNova Credit Union November, 2005

  25. ??? Willy Robinson, iNova Credit Union November, 2005

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